I am an NRI living in Dubai. After all my expenses I am able to save around Rs.50000 per month. I would like to know what are the safe and best options of investing this money apart from stocks. Though I think stocks or shares will give good returns there is an element of risk.
Is it wise to invest in ULIPs or Life insurance policies?? please help
Life insurance policies are not investments. Please do not treat them as such.
Risk is always there whenever and wherever you invest. Even if you invest in bank fixed deposits – there is inherent risk of bank default.
If you do not wish to invest in stocks but wish to reap benefits of stock investing- invest systematically in units of good mutual fund schemes. Read and understand before you invest in any scheme.
Investing in real estate is a good option but unfortunately it is not available on monthly basis ( unless you take a housing loan or so). Secondly liquidity is almost non-existent in real estate investments. They are basically long term ones.
An interesting option could be investing in "business" with people you know well. It requires monitoring and constant interaction. But whenever you retire from your current profession and if your business is stabilised by then, then you have readymade activity after your retirement.
April 30th, 2010 at 4:44 am
Friend,
You can go with selective option along wth stocks. You can go with Mutual Fund in which you wll get higher return then ULIPs.
Looking to the amount you mentioned, I suggets you to go with Portfolio management Service OR Investment Advisor (They will charge some amount).
You can also think of investing in real estates in upcoming areas.
All the best and happy investing.
References :
April 30th, 2010 at 4:54 am
Invest in gold. purchase gold when price is low ..
References :
April 30th, 2010 at 5:39 am
Life insurance policies are not investments. Please do not treat them as such.
Risk is always there whenever and wherever you invest. Even if you invest in bank fixed deposits – there is inherent risk of bank default.
If you do not wish to invest in stocks but wish to reap benefits of stock investing- invest systematically in units of good mutual fund schemes. Read and understand before you invest in any scheme.
Investing in real estate is a good option but unfortunately it is not available on monthly basis ( unless you take a housing loan or so). Secondly liquidity is almost non-existent in real estate investments. They are basically long term ones.
An interesting option could be investing in "business" with people you know well. It requires monitoring and constant interaction. But whenever you retire from your current profession and if your business is stabilised by then, then you have readymade activity after your retirement.
References :
just me